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3232Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions
https://www.digit.info/inflation-and-anguish-outraged-lebanese-depositors-continue-to-riot-against-financial-institutions/
Mon, 15 May 2023 20:30:02 +0000https://www.digit.info/2023/05/15/inflation-and-anguish-outraged-lebanese-depositors-continue-to-riot-against-financial-institutions/Read more]]>Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders of Lebanon’s central bank face grave allegations of fraud, embezzlement, and political corruption. Lebanese Citizens Left Penniless as Financial Institutions Crumble […]
]]>Lebanese Economy Crashes to New Lows – In Less Than Two Years Nation’s Currency Lost 90% Against the US Dollar
https://www.digit.info/lebanese-economy-crashes-to-new-lows-in-less-than-two-years-nations-currency-lost-90-against-the-us-dollar/
Mon, 14 Jun 2021 06:00:37 +0000https://www.digit.info/2021/06/14/lebanese-economy-crashes-to-new-lows-in-less-than-two-years-nations-currency-lost-90-against-the-us-dollar/Read more]]>The Lebanese pound dropped to a new low on Sunday against the greenback trading in the low 1,500s range to the U.S. dollar. Lebanon’s currency has been in a downward spiral since 2019, as the pound has lost 90% of its value since then. Reports note that Lebanese citizens are facing shortfalls on basic goods […]